Vault-13

FRONTIER COMMUNICATIONS PARE FYBR

COM · Common Stock · CUSIP 35909D109 · ISIN US35909D1090

383 institutional holders +3 vs Q1 2025
248,261,576248.3m shares reported held*
$9.0bnreported value*
36 new 168 added 117 reduced 34 sold out net bought ≈ $550.7m (+15.1m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($10.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.39. Options: 9 managers hold calls ($11.6m notional), 15 hold puts ($32.2m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 222Q4 22: 242Q1 23: 249Q2 23: 242Q3 23: 247Q4 23: 274Q1 24: 289Q2 24: 281Q3 24: 326Q4 24: 369Q1 25: 380Q2 25: 383383Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022222
Q4 2022242
Q1 2023249
Q2 2023242
Q3 2023247
Q4 2023274
Q1 2024289
Q2 2024281
Q3 2024326
Q4 2024369
Q1 2025380
Q2 2025383

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q3 23: 117 bought or addedQ3 23: 121 cut or sold outQ4 23: 141 bought or addedQ4 23: 112 cut or sold outQ4 23Q1 24: 132 bought or addedQ1 24: 120 cut or sold outQ2 24: 128 bought or addedQ2 24: 133 cut or sold outQ2 24Q3 24: 170 bought or addedQ3 24: 141 cut or sold outQ4 24: 190 bought or addedQ4 24: 139 cut or sold outQ4 24Q1 25: 214 bought or addedQ1 25: 135 cut or sold outQ2 25: 204 bought or addedQ2 25: 151 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023117121
Q4 2023141112
Q1 2024132120
Q2 2024128133
Q3 2024170141
Q4 2024190139
Q1 2025214135
Q2 2025204151

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300mQ3 24 calls: $251.7mQ3 24 puts: $219.1mQ3 24P/C 0.87Q4 24 calls: $146.9mQ4 24 puts: $153.9mQ4 24P/C 1.05Q1 25 calls: $10.1mQ1 25 puts: $29.4mQ1 25P/C 2.91Q2 25 calls: $11.6mQ2 25 puts: $32.2mQ2 25P/C 2.76
Numbers
QuarterCallsPutsP/C
Q3 2024$251.7m$219.1m0.87
Q4 2024$146.9m$153.9m1.05
Q1 2025$10.1m$29.4m2.91
Q2 2025$11.6m$32.2m2.76

Biggest buyers

FIL Ltd Added +4,408,660+4.4m
Balyasny Asset Management L.P. Added +2,577,691+2.6m
BlackRock, Inc. Added +2,215,094+2.2m
Qube Research & Technologies Ltd Added +2,157,594+2.2m
ROYAL BANK OF CANADA Added +2,005,300+2.0m
RENAISSANCE TECHNOLOGIES LLC Added +1,571,800+1.6m
CAPSTONE INVESTMENT ADVISORS, LLC Added +1,165,000+1.2m
TIG Advisors, LLC Added +1,083,937+1.1m
NEXPOINT ASSET MANAGEMENT, L.P. Added +1,018,553+1.0m
Westchester Capital Management, LLC Added +983,151+983.2k

Biggest sellers

CITADEL ADVISORS LLC Reduced -4,405,955-4.4m
Davidson Kempner Capital Management LP Reduced -2,366,321-2.4m
READYSTATE ASSET MANAGEMENT LP Sold out -1,396,600-1.4m
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -991,409-991.4k
Sand Grove Capital Management LLP Sold out -792,099-792.1k
GOLDMAN SACHS GROUP INC Reduced -674,218-674.2k
COOPER INVESTORS PTY LTD Reduced -645,464-645.5k
Absolute Gestao de Investimentos Ltda. Reduced -570,000-570.0k
Pentwater Capital Management LP Reduced -530,000-530.0k
JPMORGAN CHASE & CO Reduced -520,458-520.5k

Biggest calls

CITADEL ADVISORS LLC Added $5.3m146.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.1m112.9k shares
GROUP ONE TRADING LLC Added $586.0k16.1k shares
IMC-Chicago, LLC New $538.7k14.8k shares
SIMPLEX TRADING, LLC Unchanged $429.0k11.8k shares
Walleye Trading LLC Unchanged $229.3k6.3k shares
Walleye Capital LLC Unchanged $222.0k6.1k shares
JANE STREET GROUP, LLC Unchanged $203.8k5.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Lombard Odier Asset Management (USA) Corp Unchanged $9.6m265.0k shares
CITADEL ADVISORS LLC Added $6.9m190.6k shares
NOMURA HOLDINGS INC Unchanged $5.4m147.9k shares
Squarepoint Ops LLC Unchanged $4.2m116.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.2m89.2k shares
GROUP ONE TRADING LLC Reduced $822.6k22.6k shares
SIMPLEX TRADING, LLC Added $746.0k20.5k shares
WOLVERINE ASSET MANAGEMENT LLC Unchanged $411.3k11.3k shares
WOLVERINE TRADING, LLC Unchanged $294.0k8.1k shares
Walleye Capital LLC Unchanged $171.1k4.7k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: Glendon Capital Management LP (0.0%, 2026-02-12)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.02% of their portfolio New York, NY 24,836,98724.8m $904.1m $904.1m 0.02% Added +2.2m +2,215,094
2 Glendon Capital Management LP 48.37% of their portfolio Santa Monica, CA 24,215,90924.2m $881.5m $881.5m 48.37% Unchanged
3 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 24,118,86624.1m $877.9m $877.9m 0.01% Reduced -235.9k -235,946
4 Davidson Kempner Capital Management LP 4.09% of their portfolio New York, NY 7,369,9987.4m $268.3m $268.3m 4.09% Reduced -2.4m -2,366,321
5 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 7,173,6767.2m $261.1m $261.1m 0.01% Reduced -63.5k -63,490
6 Qube Research & Technologies Ltd 0.32% of their portfolio LONDON, X0 6,238,0996.2m $227.1m $227.1m 0.32% Added +2.2m +2,157,594
7 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 5.99% of their portfolio CHICAGO, IL 6,029,4906.0m $219.5m $219.5m 5.99% Added +776.2k +776,205
8 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 5,924,6045.9m $215.7m $215.7m 0.05% Reduced -18.7k -18,661
9 NORGES BANK 0.03% of their portfolio OSLO, Q8 5,703,1045.7m $207.6m $207.6m 0.03% Reduced -58.3k -58,328
10 FIL Ltd 0.17% of their portfolio HAMILTON, D0 5,535,5195.5m $201.5m $201.5m 0.17% Added +4.4m +4,408,660
11 UBS Group AG 0.04% of their portfolio ZURICH, V8 5,061,3805.1m $184.2m $184.2m 0.04% Added +830.9k +830,939
12 MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 4,682,5064.7m $170.4m $170.4m 0.15% Added +195.4k +195,397
13 Balyasny Asset Management L.P. 0.38% of their portfolio Chicago, IL 4,552,4184.6m $165.7m $165.7m 0.38% Added +2.6m +2,577,691
14 TUDOR INVESTMENT CORP ET AL 1.23% of their portfolio STAMFORD, CT 4,453,8144.5m $162.1m $162.1m 1.23% Added +247.5k +247,452
15 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 4,185,7474.2m $152.4m $152.4m 0.01% Reduced -28.1k -28,133
16 Pentwater Capital Management LP 1.84% of their portfolio Naples, FL 3,970,0004.0m $144.5m $144.5m 1.84% Reduced -530.0k -530,000
17 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,522,7863.5m $128.2m $128.2m 0.01% Added +583.6k +583,615
18 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.21% of their portfolio Boston, MA 3,386,8293.4m $123.3m $123.3m 0.21% Reduced -991.4k -991,409
19 ARES MANAGEMENT LLC 5.83% of their portfolio LOS ANGELES, CA 3,131,6793.1m $114.0m $114.0m 5.83% Unchanged
20 CAPSTONE INVESTMENT ADVISORS, LLC 0.82% of their portfolio NEW YORK, NY 2,650,0002.6m $96.5m $96.5m 0.82% Added +1.2m +1,165,000
21 NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio NEW YORK, NY 2,451,4412.5m $89.2m $89.2m 0.07% Added +695.2k +695,163
22 Anchorage Capital Group, L.L.C. 34.38% of their portfolio NEW YORK, NY 2,443,7422.4m $89.0m $89.0m 34.38% Unchanged
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 2,364,1892.4m $86.1m $86.1m 0.01% Added +43.6k +43,562
24 Westchester Capital Management, LLC 4.74% of their portfolio VALHALLA, NY 2,229,9552.2m $81.2m $81.2m 4.74% Added +983.2k +983,151
25 Magnetar Financial LLC 0.38% of their portfolio EVANSTON, IL 2,178,4492.2m $79.3m $79.3m 0.38% Added +8.5k +8,518
26 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 2,169,3982.2m $79.0m $79.0m 0.03% Added +41.7k +41,683
27 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 2,167,7902.2m $78.9m $78.9m 0.01% Added +49.0k +48,976
28 ARISTEIA CAPITAL, L.L.C. 2.19% of their portfolio GREENWICH, CT 2,129,2962.1m $77.5m $77.5m 2.19% Reduced -69.5k -69,526
29 LMR Partners LLP 1.18% of their portfolio LONDON, X0 2,081,1812.1m $75.8m $75.8m 1.18% Added +923.1k +923,056
30 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 2,040,5502.0m $74.3m $74.3m 0.01% Added +2.0m +2,005,300
31 Capital International Investors 0.01% of their portfolio Los Angeles, CA 1,979,8212.0m $72.1m $72.1m 0.01% Added +6.0k +6,025
32 KRYGER CAPITAL Ltd 12.66% of their portfolio LONDON, X0 1,879,7721.9m $68.4m $68.4m 12.66% Reduced -108.6k -108,648
33 ALPINE ASSOCIATES MANAGEMENT INC. 3.63% of their portfolio PALM BEACH, FL 1,863,2301.9m $67.8m $67.8m 3.63% Added +258.4k +258,386
34 TIG Advisors, LLC 3.60% of their portfolio New York, NY 1,812,6021.8m $66.0m $66.0m 3.60% Added +1.1m +1,083,937
35 RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio NEW YORK, NY 1,806,3001.8m $65.7m $65.7m 0.09% Added +1.6m +1,571,800
36 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,662,4281.7m $60.5m $60.5m 0.01% Reduced -674.2k -674,218
37 Taconic Capital Advisors LP 6.60% of their portfolio NEW YORK, NY 1,571,1001.6m $57.2m $57.2m 6.60% Reduced -25.6k -25,600
38 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,479,9091.5m $53.9m $53.9m 0.01% Reduced -108.6k -108,635
39 SONA ASSET MANAGEMENT (US) LLC 1.78% of their portfolio NEW YORK, NY 1,442,6381.4m $52.5m $52.5m 1.78% Added +515.6k +515,601
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,417,3201.4m $51.6m $51.6m 0.00% Reduced -520.5k -520,458
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,400,4351.4m $51.0m $51.0m 0.00% Added +807.2k +807,152
42 Woodline Partners LP 0.27% of their portfolio San Francisco, CA 1,380,0001.4m $50.2m $50.2m 0.27% Added +37.1k +37,054
43 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 1,225,6161.2m $44.6m $44.6m 0.04% Added +275.6k +275,636
44 Slotnik Capital, LLC 17.79% of their portfolio DALLAS, TX 1,213,0001.2m $44.2m $44.2m 17.79% Added +47.0k +47,000
45 Verition Fund Management LLC 0.24% of their portfolio GREENWICH, CT 1,135,3121.1m $41.3m $41.3m 0.24% Added +88.1k +88,071
46 CAXTON ASSOCIATES LLP 1.03% of their portfolio LONDON, X0 1,093,8461.1m $39.8m $39.8m 1.03% Added +780.8k +780,846
47 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 1,093,0701.1m $39.8m $39.8m 0.02% Reduced -264.2k -264,165
48 NEXPOINT ASSET MANAGEMENT, L.P. 3.59% of their portfolio Dallas, TX 1,035,8631.0m $37.7m $37.7m 3.59% Added +1.0m +1,018,553
49 Man Group plc 0.08% of their portfolio LONDON, X0 1,003,9301.0m $36.5m $36.5m 0.08% Added +420.4k +420,370
50 Hudson Bay Capital Management LP 0.24% of their portfolio STAMFORD, CT 1,001,9001.0m $36.5m $36.5m 0.24% Reduced -29.8k -29,796
51 Polar Asset Management Partners Inc. 0.91% of their portfolio TORONTO, A6 1,000,0001.0m $36.4m $36.4m 0.91% Added +100.0k +100,000
52 Fort Baker Capital Management LP 6.33% of their portfolio Larkspur, CA 993,695993.7k $36.2m $36.2m 6.33% Reduced -73.7k -73,657
53 HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.80% of their portfolio NEW YORK, NY 958,301958.3k $34.9m $34.9m 1.80% Reduced -156.2k -156,245
54 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 939,222939.2k $34.2m $34.2m 0.01% Added +274.3k +274,331
55 AQR Arbitrage LLC 0.78% of their portfolio Greenwich, CT 916,825916.8k $33.4m $33.4m 0.78% Added +300.3k +300,315
56 Columbus Hill Capital Management, L.P. 4.18% of their portfolio Short Hills, NJ 798,466798.5k $29.1m $29.1m 4.18% Unchanged
57 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 768,705768.7k $28.0m $28.0m 0.03% Added +91.4k +91,374
58 PICTON MAHONEY ASSET MANAGEMENT 0.39% of their portfolio Toronto, A6 761,768761.8k $27.7m $27.7m 0.39% Reduced -161.3k -161,332
59 Grantham, Mayo, Van Otterloo & Co. LLC 0.08% of their portfolio Boston, MA 761,040761.0k $27.7m $27.7m 0.08% Unchanged
60 GABELLI FUNDS LLC 0.19% of their portfolio Rye, NY 750,299750.3k $27.3m $27.3m 0.19% Added +100.5k +100,516
61 Birnam Oak Advisors, LP 8.03% of their portfolio New York, NY 736,510736.5k $26.8m $26.8m 8.03% Added +526.5k +526,510
62 Absolute Gestao de Investimentos Ltda. 8.44% of their portfolio SAO PAULO, D5 713,279713.3k $26.0m $26.0m 8.44% Reduced -570.0k -570,000
63 REAVES W H & CO INC 0.57% of their portfolio JERSEY CITY, NJ 707,564707.6k $25.8m $25.8m 0.57% Reduced -1.3k -1,308
64 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 700,399700.4k $25.4m $25.4m 0.02% Added +63.0k +62,979
65 P SCHOENFELD ASSET MANAGEMENT LP 7.47% of their portfolio NEW YORK, NY 641,200641.2k $23.3m $23.3m 7.47% Reduced -90.0k -90,000
66 Schonfeld Strategic Advisors LLC 0.17% of their portfolio NEW YORK, NY 637,124637.1k $23.2m $23.2m 0.17% Reduced -109.1k -109,093
67 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 632,520632.5k $23.0m $23.0m 0.00% Added +16.7k +16,722
68 GABELLI & Co INVESTMENT ADVISERS, INC. 3.53% of their portfolio Rye, NY 631,119631.1k $23.0m $23.0m 3.53% Added +42.4k +42,419
69 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 617,976618.0k $22.5m $22.5m 0.02% Reduced -7.2k -7,190
70 Cinctive Capital Management LP 1.23% of their portfolio New York, NY 605,000605.0k $22.0m $22.0m 1.23% Added +45.0k +45,000
71 ExodusPoint Capital Management, LP 0.26% of their portfolio NEW YORK, NY 579,942579.9k $21.1m $21.1m 0.26% Added +136.1k +136,116
72 FMR LLC 0.00% of their portfolio BOSTON, MA 573,746573.7k $20.9m $20.9m 0.00% Added +105.3k +105,295
73 Amundi 0.01% of their portfolio Paris, I0 572,561572.6k $20.9m $20.9m 0.01% Added +139.3k +139,339
74 Quinn Opportunity Partners LLC 1.75% of their portfolio CHARLOTTESVILLE, VA 559,681559.7k $20.4m $20.4m 1.75% Reduced -244.5k -244,459
75 Capula Management Ltd 0.25% of their portfolio Grand Cayman, E9 549,470549.5k $20.0m $20.0m 0.25% Added +131.5k +131,470
76 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 534,074534.1k $19.4m $19.4m 0.01% Added +84.6k +84,559
77 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 505,490505.5k $18.4m $18.4m 0.01% Reduced -5.7k -5,652
78 Brevan Howard Capital Management LP 0.20% of their portfolio ST. HELIER, Y9 495,418495.4k $18.0m $18.0m 0.20% Reduced -81.9k -81,935
79 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 489,136489.1k $17.8m $17.8m 0.04% Reduced -163.5k -163,475
80 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 486,356486.4k $17.7m $17.7m 0.00% Reduced -180.3k -180,348
81 Eisler Capital Management Ltd. 0.58% of their portfolio LONDON, X0 466,937466.9k $17.0m $17.0m 0.58% Added +286.8k +286,814
82 Legal & General Group Plc 0.00% of their portfolio London, X0 466,823466.8k $17.0m $17.0m 0.00% Added +22.2k +22,194
83 TCW GROUP INC 0.13% of their portfolio LOS ANGELES, CA 463,695463.7k $16.9m $16.9m 0.13% Unchanged
84 Swiss National Bank 0.01% of their portfolio ZURICH, V8 429,400429.4k $15.6m $15.6m 0.01% Added +19.3k +19,300
85 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.41% of their portfolio BALA CYNWYD, PA 415,815415.8k $15.1m $15.1m 0.41% Reduced -17.4k -17,361
86 Alberta Investment Management Corp 0.12% of their portfolio EDMONTON, A0 408,832408.8k $14.9m $14.9m 0.12% Added +1.0k +1,032
87 GLAZER CAPITAL, LLC 0.52% of their portfolio New York, NY 401,432401.4k $14.6m $14.6m 0.52% New
88 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 400,000400.0k $14.6m $14.6m 0.03% Reduced -100.0k -100,000
89 Quarry LP 3.34% of their portfolio NEW YORK, NY 396,829396.8k $14.4m $14.4m 3.34% Added +252.6k +252,636
90 Centiva Capital, LP 0.95% of their portfolio New York, NY 395,504395.5k $14.4m $14.4m 0.95% Added +101.1k +101,106
91 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 387,239387.2k $14.1m $14.1m 0.01% Added +22.8k +22,820
92 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 385,879385.9k $14.0m $14.0m 0.01% Added +40.8k +40,813
93 CREDIT INDUSTRIEL ET COMMERCIAL 2.06% of their portfolio PARIS FRANCE, I0 355,460355.5k $12.9m $12.9m 2.06% Added +137.3k +137,261
94 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 352,203352.2k $12.8m $12.8m 0.01% Reduced -4.4m -4,405,955
95 BARDIN HILL MANAGEMENT PARTNERS LP 7.96% of their portfolio NEW YORK, NY 348,850348.9k $12.7m $12.7m 7.96% Added +3.9k +3,949
96 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 332,962333.0k $12.1m $12.1m 0.01% Added +239.1k +239,130
97 New York Life Investment Management LLC 0.11% of their portfolio New York, NY 329,607329.6k $12.0m $12.0m 0.11% Added +33.9k +33,861
98 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 328,279328.3k $11.9m $11.9m 0.02% Added +248.4k +248,444
99 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 322,196322.2k $11.7m $11.7m 0.00% Added +537 +537
100 STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio MADISON, WI 307,892307.9k $11.2m $11.2m 0.03% Reduced -42.4k -42,368